Revolutionizing Depot Management with RFID Technology – From Inventory Management to Security

Depot management, spanning from inventory control to security, has been transformed by the advent of Radio-Frequency Identification (RFID) technology. In 2021, the global RFID market stood at a noteworthy $11.8 billion, and its expected trajectory points toward an impressive $31.5 billion in market value by 2031. The retail sector alone held sway in the RFID market, claiming more than 27.0% of the revenue share in 2022.

RFID’s multifaceted applications range from enhancing inventory management through real-time visibility to fortifying security with advanced access control and perimeter protection. With RFID, manual processes are automated, inaccuracies are mitigated, and the once insurmountable challenges of theft and unauthorised access are adeptly addressed.

This paper embarks on a journey that elucidates the RFID-driven revolution in depot management, showcasing how technology has become the linchpin in the seamless orchestration of inventory and safeguarding the integrity of assets.